Thursday, August 30, 2018

While computing ALP of international transaction under RPM/CPM abnormal exp. to be considered

IT/ILT: While computing ALP of international transactions under RPM or CPM, TPO should grant adjustment on account of abnormal expenses

from www.taxmann.com Latest Case Laws https://ift.tt/2C1Sgdc

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...